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Snitch, one of the fastest-growing D2C menswear fashion brands, raised Rs.1.5 crore from investors at the Shark Tank India Season 2 including Anupam Mittal Founder-CEO of Shaadi.com – People Group; Aman Gupta, Co-Founder-CMO of boAt; Namita Thapar, Executive Director of Emcure Pharmaceuticals; Vineeta Singh, Co-Founder-CEO of SUGAR Cosmetics; Peyush Bansal, Founder-CEO of Lenskart.com and Amit Jain, Co-Founder-CEO of CarDekho Group and InsuranceDekho.
The brand offers an extensive assortment of everyday style essentials, such as formal dress, partywear, leisurewear, athleisurewear etc.
The company’s December 2022 net revenue was around Rs.11 crore and it intends to invest the funds raised in marketing and brand expansion in order to reach a larger audience across the country.
As per the press release, Siddharth Dungarwal, Founder & CEO, Snitch stated, “It was incredible to be on one of the best and top-rated entrepreneurial shows, and it was highly insightful to meet business leaders like sharks there. It was more towards the value these sharks would get rather than chasing valuation. I was very much sure that either I’m gonna take all 5 or none. That was something in the back of my mind, and I made it very clear from the start of the pitch itself. Each one of them has different expertise and holds some amazing industrial experience. We will together set up new benchmarks in the industry with this collaboration.”
Siddharth Dungarwal persuaded all five sharks for his most promising business plan and growth while convincing all five of them to make an offer at once. Expressing his gratitude to the sharks for inspiring him to operate his company, Siddharth culminated the conversation and said, “I look forward to strengthening Snitch with this fruitful association.”
Snitch, a 2019-founded menswear D2C fashion brand, creates sustainable and thoughtful collection keeping in mind the newest trends. Additionally, Snitch Plus is a collection offering plus sizes that make a bold fashion statement for men of all sizes while bringing out the best in their personalities through the transforming power of clothing.
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